The Department of Veterans Affairs plans to initiate mass layoffs as early as June, according to a memo reviewed by Reuters. The agency's human resources team has been directed to review operations for a "reduction in force" affecting over 80,000 workers.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Department of Veteran Affairs plans to initiate mass layoffs as early as June,
00:06according to the memo reviewed by Reuters. The agency's human resources team has been
00:11directed to review operations for a reduction in force affecting over 80,000 workers.
00:16VA Secretary Doug Collins defended the move as thorough and thoughtful in an opinion piece,
00:21but veteran groups and lawmakers from both parties have raised concerns.
00:25The layoffs align with President Trump's and advisor Elon Musk's push to shrink the federal
00:29government. For all things money, visit Benzinga.com slash GSTV.